Anchorage, AK 99517,2607 W 33rd AVE
Anchorage, AK 99517,2607 W 33rd AVE
Anchorage, AK 99517,2607 W 33rd AVE
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$1,250,000
Est. payment /mo
8 Beds
13 Baths
6,064 SqFt
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,064 sqft

Price per Sqft $206

MLS Listing ID 25-12497

Bedrooms 8

Full Baths 13

Construction Status Existing Structure

Year Built 1962

Lot Size 0.727 Acres

Acres 0.73

Source Alaska Multiple Listing Service

Property Description

Rare opportunity to acquire a 13-unit multi-family property in Anchorage's highly desirable Turnagain neighborhood—a location known for its convenience, lifestyle appeal, and access to outdoor recreation. This income-producing asset features stable cash flow, strong occupancy history, and significant value-add potential in one of the city's most sought-after rental markets. The property comprises nine studio units and four two-bedroom units, thoughtfully designed to meet high tenant demand. Currently 92% occupied, with several long-term tenants in place, the property generates approximately a 7% cap rate, with additional upside through unit updates and rental increases. Utilities are landlord-paid.

Amenities include two laundry rooms, ample parking, a spacious yard, and proximity to the Turnagain greenbelt and Fish Creek trail system. This asset offers both immediate cash flow and long-term appreciation potential. With targeted upgrades, investors can realize rental growth and increased NOI. Ideal for seasoned multi-family investors or those entering the Anchorage market. Be sure to check out the list of property upgrades!

Location

State AK

Area 10 - Spenard

Zoning R2M - Multi Family Residential

Direction Headed West on Northern Lights, turn Left on Turnagain Street. Turn Left on W 33rd Ave. The property is at the end of the street on the Left.

Exterior

Parking Features None

Roof Type Asphalt

Building

Foundation Poured Concrete

Lot Size Range 0.73

Sewer Public Sewer

New Construction No

Construction Status Existing Structure

Schools

Elementary Schools Northwood

Middle Schools Romig

High Schools West Anchorage

Others

Tax ID 010084600001


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Alaska MLS
Listed by PTP Management, Inc.

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Bonnie Leonard

Bonnie Leonard

+1(907) 841-3165

Agent | License ID: 18566

Agent License ID: 18566

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2607 W 33rd AVE